Trade – Investment

Customs clearance activities at the Ka Long international border gate in the northeastern province of Quang Ninh’s Mong Cai city were resumed on June 17 after over three years of suspension due to the COVID-19 pandemic, marking the return to normal operation at all border gates and openings in the city.

A proposal has been sent to the Ministry of Transport asking for evaluation of a feasibility report on the construction of the Can Tho – Hau Giang section as part of the eastern route of the North-South Expressway.

A forum on “Vietnam – Australia Business Cooperation” was held on June 16 with the aim of technology transfer and business opportunities between innovation ecosystems in terms of clean energy, hi-tech agriculture and digital application.

Mini Thailand Week – the first of its kind – kicked off in the northern province of Quang Ninh on June 16, showcasing outstanding Thai products.

The Middle East, North Africa and South Africa are potential markets for tea products from Lai Chau province but their export is still modest due to a lack of information on each other and effective connections, Deputy Foreign Minister Pham Quang Hieu has said.

Vietnam’s domestic aviation market is recovering at the fastest pace in the world with a growth rate of 123 percent compared to the same period of 2019, before the COVID-19 pandemic broke out.

Ho Chi Minh (HCM) City will organize a conference from September 8-9, 2022 to find supporting industry suppliers.

The Ministry of Planning and Investment has sent a document to the Prime Minister asking for approval of a project to develop maritime clusters associated with building strong maritime economic centres until 2030, which sets a target of building from three to four centres leading Southeast Asia.

A Vietnam-Africa online trade exchange conference was held on June 14 by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in collaboration with Vietnam Trade Offices in African countries, aiming to help Vietnamese businesses, localities and cooperatives seek partnerships to boost food exports to the African market.

Despite being heavily hit by the COVID-19 epidemic, Vietnam's exports in the first 5 months of the year still maintained a double-digit growth rate, of which the foreign-invested sector (FDI) had a trade surplus of 13.6 billion USD.

Vietnamese products sold in Europe such as vermicelli made of cassava, rice noodles and Pho have been removed from the list of agricultural product groups which need to be strictly inspected when exporting to the market, according to the Office of the Ministry of Industry and Trade.

Vietnamese car manufacturer VinFast on June 14 unveiled plans to launch more than 50 sales and after-sales service centres (VinFast Store) in Germany, France, and the Netherlands.

Vietnam’s fruit and vegetable export turnover hit 1.4 billion USD in the first five months of this year, down 17 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.

On June 9, KOTRA (Korea Trade and Investment Promotion Agency) Hanoi connected and supported more than 40 direct trade deals between Vietnamese and Korean businesses.

(CPV) - The five provinces of Vietnam’s Central Highlands, Dak Lak, Dak Nong, Gia Lai, Kon Tum and Lam Dong have come together to launch a Regional Innovation Cluster.

Vietnam’s rubber exports in May 2022 were estimated at 181 million USD, up 40.4% in volume and 27.9% in value compared to the previous month.

Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively.

The Ministry of Transport has been tasked with coordinating with relevant ministries, sectors and localities in considering and handling recommendations of the Vietnam Railways Corporation (VNR) on how to better the capacity of international railway transport serving import and export activities.

Chairman of the Ben Tre provincial People’s Committee Tran Ngoc Tam has agreed with the plan to export the first batch of green-skinned pomelo of Chanh Thu Fruit Import-Export Co., Ltd to the US.

Standing Deputy Prime Minister (PM) Pham Binh Minh has just signed Decision 667/QD-TTg approving the foreign investment cooperation strategy for the 2021-2030 period.

The Ho Chi Minh City Handicraft and Woodworking Association (HAWA) plans to organise a session to give consultations to domestic businesses on exporting furniture and interior decorating products to Canada, a promising market for Vietnam, on June 7.

Vietnam’s aquatic product exports to China are expected to rise positively this year, said Nong Duc Lai, Commercial Counsellor at the Vietnamese Embassy in China.

The Ministry of Industry and Trade (MoIT) has created the necessary legal framework for the authentication of electronic contracts in Vietnam and is ready to grant operating licences to authenticators from June.

Vietjet on June 4 officially inaugurated two direct routes connecting Ho Chi Minh City and Hanoi of Vietnam with Mumbai – the financial and economic centre and the biggest city of India.

The revision of the Petroleum Law is crucial to creating a smooth legal corridor for investors and increasing the attractiveness of the investment environment in the field of oil and gas, said Minister of Industry and Trade Nguyen Hong Dien while delivering a proposal on the draft amended Petroleum Law at the 15th National Assembly’s ongoing third session on June 3.

(CPV) - All are innovations that have made a difference around the world! But what about skyscrapers made from timber? Or green concrete and asphalt.? Or the world’s first fossil-free steel?

De Heus group of the Netherlands has continuously been seeking to expand its investment in the Vietnamese market by partnering with Hung Nhon Group to develop the DHN Gia Lai High-Tech Agricultural Complex in the central highlands province of Kon Tum.

Ambassador Nguyen Van Thao, Permanent Representative of Vietnam to the EU, has met with EU Commissioner for Agriculture Janusz Wojciechowski to discuss ways for fostering agricultural cooperation between the two sides.

As many as 764,314 firms, or more than 92 percent of Vietnamese total, have registered to convert to electronic invoices, according to deputy head of the General Department of Taxation Dang Ngoc Minh.